ZW Data Action Technologies Inc. (NASDAQ: CNET) on August 04, 2022, started off the session at the price of $0.6433, soaring 44.37% from the previous trading day. During the day, the shares moved up to $0.9538 and dropped to $0.6433 before settling in for the closing price of $0.57. Within the past 52 weeks, CNET’s price has moved between $0.28 and $1.85.
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It was noted that within the last five years, the titan of the Communication Services sector saw sales topped by 6.40%. The company achieved an average annual earnings per share of 65.50%. With a float of $28.16 million, this company’s outstanding shares have now reached $35.35 million.
The extent of productivity of a business whose workforce counts for 85 workers is very important to gauge. In terms of profitability, gross margin is -1.57, operating margin of -28.71, and the pretax margin is -5.31.
ZW Data Action Technologies Inc. (CNET) Insider and Institutional Ownership
Observing investor behavior towards Advertising Agencies industry stocks is more important than anything else. The insider ownership of ZW Data Action Technologies Inc. is 20.58%, while institutional ownership is 0.30%.
ZW Data Action Technologies Inc. (CNET) Latest Financial update
This company achieved a net margin of -5.82 while generating a return on equity of -16.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 65.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 31.80% growth over the previous five years of trading.
ZW Data Action Technologies Inc. (NASDAQ: CNET) Trading Performance Indicators
ZW Data Action Technologies Inc. (CNET) is currently performing well based on its current performance indicators. A quick ratio of 2.50 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.12
Technical Analysis of ZW Data Action Technologies Inc. (CNET)
The latest stats from [ZW Data Action Technologies Inc., CNET] show that its last 5-days average volume of 0.88 million was superior to 0.32 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 45.17%. Additionally, its Average True Range was 0.09.
During the past 100 days, ZW Data Action Technologies Inc.’s (CNET) raw stochastic average was set at 80.87%, which indicates a significant increase from 73.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 162.55% in the past 14 days, which was higher than the 121.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4479, while its 200-day Moving Average is $0.7687. Now, the first resistance to watch is $0.9748. This is followed by the second major resistance level at $1.1195. The third major resistance level sits at $1.2853. If the price goes on to break the first support level at $0.6643, it is likely to go to the next support level at $0.4985. The third support level lies at $0.3538 if the price breaches the second support level.
ZW Data Action Technologies Inc. (NASDAQ: CNET) Key Stats
Market capitalization of the company is 30.25 million based on 35,428K outstanding shares. Right now, sales total 47,330 K and income totals -2,750 K. The company made 7,650 K in profit during its latest quarter, and -720 K in sales during its previous quarter.